PSNYW News and Press, Polestar Automotive Holding UK Limited Class C-1 ADS (ADW) From 11/11/22

Polestar Automotive Holding UK PLC (PSNY) Q3 2022 Earnings Conference Call November 11, 2022 8:00 AM ET Company Participants Bojana Flint - Head of IR Thomas Ingenlath - CEO Johan Malmqvist - CFO Conference Call Participants Winnie Dong - Deutsche Ban...

Summary Luminar Technologies hit a major milestone by reaching the start of production ahead of schedule, with multiple vehicle models set to adopt Luminar's Iris over the next 4 to 6 quarters. A new high-volume production facility is set to come online late next year, setting the...

Summary Palantir reported 3Q22 sales that beat both consensus estimates and the higher range of its previous guidance and upped its adjusted earnings forecast for full-year 2022. However, continued deceleration across both its commercial and government segments sow further uncerta...

Summary Global electric car sales Sept. 2022 >1m, up 51% YoY to 17% share. China sales up 78% YoY to 35% share. Europe up 7% YoY to 24% share. US ~6% share. EV market news - DoE awards $2.8B of grants to supercharge U.S. manufacturing of batteries for EVs/grid. EU signs provisi...

Summary Polestar is currently an EV upstart that boasts one of the best production and delivery numbers, with slim positive gross margins, yet trading at a significant discount to peers. Yet, uncertainties over its current capital structure and profit realization timeline remain a...

Summary Polestar Automotive Holding UK PLC’s cars continue to gain traction among consumers. The company managed to diversify sales away from Europe, closer to the regions where its cars are produced. Polestar has a solid production track record compared with other EV start...

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Summary Qualcomm noted that its automotive design win pipeline rose by over $11 billion in about four months to reach $30 billion. This strong acceleration of design wins and high confidence in reaching over $4 billion in revenues by FY26 demonstrate the importance of the auto seg...

Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...

Summary The Polestar stock has been an underperformer across the broader EV peer group in recent weeks, despite consistent delivery of fundamental outperformance amid unprecedented auto production challenges. A key driver could potentially be the underlying business' significant e...